What Does It Cost?

Your contributions are based on the rate of pay you receive. Here you will find all the information you need to understand your contribution rate and what your employer pays in too.

Employee Contribution Bandings

Contribution rates are currently between 11% and 15.05% of your pay.

The rate you pay depends on which scheme you are in and the pay band you fall into.

1987 & 2006 Schemes

Basic annual Salary1987 Scheme2006 Scheme
£27,000 or less14.25%11.00%
More than £27,000 but less than £60,00014.25%12.05%
£60,000 or more15.05%12.75%

Please note that:

  1. Members who are ineligible for ill health benefits have a reduced contribution rate.
  2. The full time equivalent basic annual salary is used in respect of a part-time officer for the purpose of the first column of the table.

2015 Scheme

Pensionable EarningsContribution Rate
£27,000 or less12.44%
More than £27,000 but less than £60,00013.44%
£60,000 or more13.78%

Please note that:

  1. Members who are ineligible for ill health benefits have a reduced contribution rate.
  2. The amount of pensionable earnings of a part-time officer for the purpose of the first column of the table must be the whole time equivalent amount.

***Note that this information was correct at the time of issue but may have been updated or superseded. If in doubt please contact the Pensions Helpdesk.***

Tax relief

Contributions are deducted from your salary before you pay tax. So, if you pay tax at the rate of 20%, every £1 that you contribute to the scheme only costs you 80p net.